PD-1.3.33
The following quantitative disclosures should be made when the concerned Islamic bank has unrestricted investment accounts:
(a) Amount of IAH funds;
(b) The ratio of Profit Equalization Reserves (PER) to the total amount of PSIA by type of IAH;
(c) The ratio of Investment Risk Reserves (IRR) to the total of PSIA by type of IAH;
(d) ROAA and ROAE;
(e) Ratio of profit distributed to PSIA by type of IAH. The bank must disclose the profit sharing formula used for the calculation and distribution of profits;
(f) The management fee (Mudarib share) as a percentage of the total investment profit, and the extent to which it is subject to partial or total waiver in order to pay a competitive rate of return to IAH;
(g) Ratio of financing to PSIA by type of IAH;
(h) Percentage of financing for each type of Shari'a-compliant contract to total financing;
(i) Percentage of financing for each category of counterparty to total financing — that is, Amount of Shari'a-compliant financing extended to a category of counterparties (outstanding) / Amount of total financing (outstanding) x 100;
(j) The carrying amount of any assets that the bank has pledged as collateral and the terms and conditions relating to the pledge;
(k) The amount of any guarantees or pledges given by the bank and the conditions attaching to those guarantees or pledges;
(l) Share of profits earned by IAH, before transfers to or from reserves (amount and as a percentage of funds invested);
(m) Share of profits paid out to IAH, after transfers to or from reserves (amount and as a percentage of funds invested);
(n) Share of profits paid out to the bank as Mudarib;
(o) Movement on PER and IRR during the year;
(p) The utilization and computation of PER and/or IRR during the period;
(q) Average declared rate of return or profit rate on PSIA by maturity (3-month, 6-month, 12-month, 36-month);
(r) Types of assets in which the funds are invested and the actual allocation among various types of assets;
(s) Changes in asset allocation in the last six months;
(t) Off-balance sheet exposures arising from investment decisions, such as commitment and contingencies;
(u) Limits imposed on the amount that can be invested in any one asset;
(v) The treatment of assets financed by IAH in the calculation of RWA for capital adequacy purposes;
(w) Profits earned and profits paid out over the past five years (amount and as a percentage of funds invested); and
(x) Amount of total administrative expenses charged to unrestricted IAH.
Amended April 2011
Amended October 2010
April 2008
Amended October 2010
April 2008